Gerald Murphy - Downing-Frye Realty Logo
$825,000
( )
 $4,429 est/mo Sourced by Back At You

937 SE 23rd Pl 1-5,CAPE CORAL, FL 33990

CAPE CORAL, FL 33990

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Description

Fully occupied five-plex offering investors a turnkey, low-maintenance income stream in one of Southwest Florida's fastest-growing rental markets. The 4,957 sq. ft. property is comprised of five 2-bedroom/1-bathroom units with an annual gross income of $94,200. Ownership has recently invested significantly in the asset, including a new roof, hurricane-resistant impact windows throughout, fully renovated bathrooms, full exterior paint, parking lot reseal and stripe, and replacement of all A/C units, substantially reducing near-term capital exposure for a new buyer. Hurricane resistant impact windows (2025) Renovated bathrooms (2025) All new A/C units (2024-25) New roof (2023) Parking lot reseal & stripe (2023) Full exterior paint (2023)

Details

MLS #2026026678
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1979
Days On Site66
Listing Provided ByLSI Companies Inc. | Justin Milcetich

Features

Story(s)1
ZoningRML
Acreage0.39
Water FrontYes

Interior

Rooms Total0
Cooling Yes / NoNo
Heating Yes / NoNo
Fireplace Yes / NoNo

Parking

Garage Yes / NoNo
Attached Garage Yes / NoNo

Utilities

UtilitiesElectricity Connected, Other, Sewer Connected, Water Connected

Taxes

Tax Annual Amount8147.07
Tax Legal DescriptionCAPE CORAL UNIT 18 BLK 1399 PB 13 PG 108 LOTS 3 4 + 5 + VAC INST# 2008000115643
Tax Year2025

Area Information

StateFL
CountyLee
CityCAPE CORAL
Zip Code33990
Listing VS Median (in 33990)
Price:
$825,000
low | high
Med:
$329,900
100% of Average
On site:
66
low | high
Med:
41
100% of Average
Sourced by Back At You

Market Activity 33990

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Learn More About This Property

Gerald Murphy

Gerald Murphy

Downing-Frye Realty

 (316) 806-2295gpmiii2021@gmail.com
StateFL
CountyLee
CityCAPE CORAL
Zip Code33990
Listing VS Median (in 33990)
Price:
$825,000
low | high
Med:
$329,900
100% of Average
On site:
66
low | high
Med:
41
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $618K - $1.31M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
931/933 SE 23rd PL Property Photo 1
$425,000
931/933 Se 23rd Pl
Cape Coral, FL 33990
946 SE 23rd PL Property Photo 1
$780,000
946 Se 23rd Pl
Cape Coral, FL 33990
924 SE 24th AVE A & B Property Photo 1
$399,000
924 Se 24th Ave A & B
Cape Coral, FL 33990
912 SE 24th AVE A Property Photo 1
$459,500
912 Se 24th Ave A
Cape Coral, FL 33990
Listing Updated: August 21, 2026 at 8:57:53 AM PDT

Gerald Murphy - Downing-Frye Realty